Contact
QR code for the current URL

Press release Box-ID: 54313

ComArch SA al. Jana Pawla II 39a 31-864 Krakow, Portugal https://www.comarch.com
Contact Daniel Kordel +48 12 646 11 73
CA
ComArch SA

FY2005: Staggering increase of Comarch revenues

(PresseBox) (Krakow / Poland, )
Comarch's annual financial results for 2005, particularly for the fourth quarter, were outstanding. Sales revenue in the fourth quarter of 2005 amounted to 195 million Polish zloty - a staggering 89% increase from the fourth quarter of 2004. The total amount of sales revenue in 2005 was 444 million zloty - an equally impressive 35% increase from the previous year.

- We are pleased with the 2005 financial results for Comarch. The current level of the Group’s 2006 order portfolio provides a positive outlook for continued dynamic growth in the future. As in the past, growth of profitability will continue to remain now and in the future, one of the most important priorities for the Company’s Board. Our goal is to achieve this growth by investing in the constant organic development of Comarch at home and in international markets. Therefore, we will continue to intensively invest in new technologies and human resources. I’m very proud that we have managed to accomplish this ambitious agenda of development to strengthen Comarch’s status as one of the best and most innovative IT companies in Central Europe. – said Professor Janusz Filipiak, Comarch CEO.

Comarch achieved significant growth in its operational profit margins of 26.7 million zloty in 2005 up from 16.1 million zloty in 2004. The company also recorded a significant improvement in EBIT Margin from 4.9% to 6% over the same 12 month period.

One of the company's priorities in 2005 was to improve EBIT Margin and this objective was met despite a dynamic growth and significant increase in employment. In 2005 Comarch hired an additional 300 employees to augment their workforce to 1836 staff members. Comarch's Board of Management is gratified the strategy has paid such handsome dividends.

Comarch Group's net profit reached a record level of 27.3 million zloty in 2005 - an extraordinary 140% increase on its 2004 figures. It should also be noted that the Group attained more than 17% return on capital, a twofold increase from 8.6% in 2004.

The level of the Group's order portfolio for the current year has reached 210 mln zl which is 36% more than during the same time in the preceding year of 2005. This fact confirms that the Group's prospects for the following years will remain promising and productive. Furthermore, the Company also emphasizes that improvement of ROI will remain a top priority to the Group in 2006 and beyond.

Detailed revenue structures show that the Comarch Group's sales are very well diversified and that the Group is not over dependent on any one sector or customer. This type of revenue structure significantly reduces the inherent risk involved in operating within multiple sectors which exhibit different paces of development. Throughout the past several years, the individual sectors' shares in overall sales have remained relatively stable. The value of export sales, measured in foreign currency, has risen about 15% (due to the strength of the Polish currency in 2005, this figure measured in PLN is similar to the level in 2004).

After public announcements of the 2005 financial results, Comarch stock has soared 12%. Since the beginning of the year, the price of Comarch shares have increased by over 40%.

ComArch SA

Comarch ist ein führender Anbieter von IT Business Solutions in Zentraleuropa, der auf das Formen von Klientenbeziehungen spezialisiert ist, um die Profitibilität seiner Kunden zu maximieren und deren Betrieb und Geschäftsprozesse zu optimieren. Comarch’s grundlegender Vorteil liegt in dem großen Wissen auf seinem Gebiet und spiegelt sich in unserer Software wider, welche wir als anspruchsvolle IT Lösung für Telekommunikation, Finanzservices, öffentliche Verwaltung sowie große, kleine und mittlere Unternehmen liefern und integrieren. Comarch ist spezialisiert auf Rechnungs- und Netzwerkmanagement, CRM (Customer Relationship Management) & Vertriebsunterstützung, ERP (Enterprise Ressource Management), EDI (Electronic Data Intercharge), welche durch eine Reihe von professionellen Services und überzeugenden F&E Traditionen unterstützt werden.

Seit der Entstehung vor 14 Jahren ist Comarch, eine wissensorietierte Firma, zum multinationalen Netzwerk , das Geschäftsstellen mit über 1800 hoch qualifizierten IT-Spezialisten in den Staaten, im Mittleren Osten und Europa hat, erblüht. Mehr auf www.comarch.com

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.